Communities and Banking

Low- and moderate-income issues in New England

Communities and Banking, Spring 2014Current Issue
Summer 2014

Complete Issue pdf


Letter from the Editor

Measuring Economic Security for Grandparents Raising Grandchildren
by D. Imelda Padilla-Frausto and Steven P. Wallace, UCLA Center for Health Policy Research
By capturing the actual costs associated with meeting basic needs, a new tool can measure the economic security of grandparents raising grandchildren.

Older Immigrants in New York City
by Christian González-Rivera, Center for an Urban Future
The experience of New York City, where nearly half the elderly population are foreign-born, highlights the importance of planning ahead to help vulnerable immigrant seniors.

Wood-Products Manufacturing in Northern New England: Building the Workforce
by Rob Riley, Northern Forest Center
A new skills-development and credentialing program aims to benefit workers and employers while bolstering an important part of the rural New England economy.

Small Town Resilience in Lincoln County, Maine
by Ron Phillips, Coastal Enterprises Inc.
When a major employer leaves town, the importance of a diversified economic base becomes more apparent.

The Small Town Economic Assistance Program in Connecticut
by Meagan Occhiogrosso, Connecticut Office of Policy and Management
Connecticut's Small Town Economic Assistance Program provides financial assistance for capital-improvement projects that might otherwise be financially unattainable.

High-Cost Borrowing: Patterns of Credit Use in the Alternative Market
by Gregory Mills, Urban Institute
Certain household demographics and regulatory policies are associated with greater use of high-cost credit sources. In New England, the states where people use alternative financial services the most are Maine and Rhode Island.

Mapping New England: Government-Backed Mortgage Originations
by Kseniya Benderskaya, Federal Reserve Bank of Boston
From the end of 2007 to the end of 2012, the share of government-backed mortgage originations in New England more than quadrupled. Maine and New Hampshire have the highest rates in the region.

The Afterlife of Overdrafts
by Claire Greene, Federal Reserve Bank of Boston
Whether you get charged a lot or almost nothing for overdrafts depends on the arrangement you have with your bank and the bank's fine print.

What Makes Working Cities Work?
by Barry Bluestone, Northeastern University
As some Massachusetts "working cities" are beginning to regain their economic momentum, new evidence highlights important factors contributing to their renaissance.

Under the Radar: Rhode Island Women Creating Positive Change
by Caroline Ellis, Federal Reserve Bank of Boston
The successes of Nancy Whit, Armeather Gibbs, and Jean Johnson suggest that grassroots collaboration and a focus on common interests rather than differences can help move a state forward.

Whom Do Black-Owned Banks Serve?
by Russell D. Kashian, Richard McGregory, and Derrek Grunfelder McCrank, University of Wisconsin, Whitewater
Black-owned banks are vital sources of capital, employment, and training in low-income areas. They provide institutional leadership and jobs with career ladders to communities.



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